{"id":3224,"date":"2016-05-05T15:49:00","date_gmt":"2016-05-05T11:49:00","guid":{"rendered":"https:\/\/lr.bsulawss.org\/?p=3224"},"modified":"2024-02-28T21:20:44","modified_gmt":"2024-02-28T17:20:44","slug":"2bakustulrev215-05-2016","status":"publish","type":"post","link":"https:\/\/lr.bsulawss.org\/en\/volumes-en\/volume-2-en\/volume-2-2\/2bakustulrev215-05-2016\/","title":{"rendered":"Federal Reserve System and Its Role in the Emergence of the Global Financial Crisis"},"content":{"rendered":"\n<cite>2 Baku St. U. L.Rev. 215 (2016)<\/cite>\n<br>\n<cite>Article language: English.<\/cite>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>Abstract<\/strong><\/p>\n\n\n\n<p class=\"has-text-align-justify\">This paper is devoted to the discussion of the principles of the US Federal Reserve System, the central bank of the largest economy in the world, and its contribution to the emergence of the financial crisis of 2008. At first, in Part II, the paper focuses on the general overview of the Federal Reserve System and its activities. The discussion, then, shifts to the structure of the Federal Reserve System and focuses on its key structural components that maintain the proper functioning of the U.S. central bank. The Part III will examine the history of past events preceding to the financial crisis, and analyze factors, including the Federal Reserve System\u2019s failures, which determined the growth of subprime mortgage bubble and its painful collapse. The Part IV (Conclusion) will summarize the regulatory failures of the Federal Reserve System, clarify the chronology of mistakes, and propose possible alternative approach.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"is-layout-flex wp-block-buttons\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"\/files\/archive\/volume2\/issue2\/2BakuStULRev215.pdf\">Download: PDF<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>2 Baku St. U. L.Rev. 215 (2016) Article language: English. Abstract This paper is devoted to the discussion of the principles of the US Federal Reserve System, the central bank&#8230;<\/p>\n","protected":false},"author":3,"featured_media":2529,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_editorskit_title_hidden":false,"_editorskit_reading_time":0,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}"},"categories":[187],"tags":[],"coauthors":[198],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.0 (Yoast SEO v19.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Federal Reserve System and Its Role in the Emergence of the Global Financial Crisis | BSU Law Review<\/title>\n<meta name=\"description\" content=\"2 Baku St. U. L.Rev. 215 (2016) Article language: English. 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